QQQ vs STEW: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and SRH Total Return Fund, Inc. (STEW) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and STEW?
Across a 3-year window, the weekly returns of QQQ and STEW correlate at 0.50, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.50 over 3 years. Stretching to 5 years gives 0.59, with an annualized covariance of 137.1 %².
By 3-year correlation, STEW places #286 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 21.1 percentage points, +26.3% for QQQ against +5.2% for STEW.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
QQQ vs STEW: side by side
| QQQ (Invesco QQQ Trust) | STEW (SRH Total Return Fund, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +5.2% |
| 5-year return | +95.4% | +61.2% |
| Volatility (ann.) | 19.6% | 14.1% |
| Beta vs S&P 500 | 1.28 | 0.67 |
| Max drawdown (3Y) | -22.8% | -10.5% |
| Market cap | – | $1.8B |
| P/E (trailing) | – | 12.1 |
| Dividend yield | 0.44% | 3.91% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | STEW |
|---|---|---|
| 2022 | -32.6% | -7.3% |
| 2023 | +54.9% | +13.5% |
| 2024 | +25.6% | +19.9% |
| 2025 | +20.8% | +20.3% |
| 2026 | +17.7% | +3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and STEW good diversifiers for each other?
Only partially. A correlation of 0.50 means QQQ and STEW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between QQQ and STEW?
As of 2026-08-27, the correlation of weekly returns between QQQ and STEW is 0.50 over 3 years, 0.24 over 1 year and 0.59 over 5 years.
Is STEW a good diversifier for QQQ?
Only partially. A correlation of 0.50 means QQQ and STEW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-stew.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-stew/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · STEW correlations
